Assetz Capital has provided more than £26m in peer-to-peer funding in Northern Ireland since opening its office in the province this January.
The P2P lender has completed 15 deals from the Belfast office totalling £26.3m. These include a mixture of secured business loans, commercial mortgages, bridging loans, property investment loans and development transactions.
The company has also projected a further £18.8m worth of deals across Northern Ireland in the second half of the year.
“There has been strong appetite for P2P funding in Northern Ireland,” said Andrew Fraser, relationship director for Assetz Capital in Northern Ireland.
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“We’ve made good progress since opening the Belfast office five months ago and have continued to back ambitious business owners and property investors in Northern Ireland from the outset.”
The firm’s most recent loan saw it provide a £355,000 to Mill Lane Homes Ltd to fund the construction of a four-bedroom detached property in Donaghdee (pictured) – 19 miles east of Belfast.
The firm provided Richard Agnew, director at Mill Lane Homes, with £135,000 in order to purchase the site and a further £200,000 to fund the build the development.
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“Whilst lending £26m in such a short timeframe is notable, we now have our sights set on the £50m milestone,” said Fraser.
“There is a strong pipeline of deals for the second half of the year and we’re confident that, with the ongoing support of our customers and broker network, we will see similar levels of lending during this period.”